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Title Company The firm is a Title Insurance Agent for The Security Title Guarantee Corporation of Baltimore. Security Title maintains an exacting agent approval process which insures that home buyers have the most qualified and entrusted agents in the industry. Since the purchase of a home is one of the largest investments you may ever make, it is crucial to protect the security of your investment from title defects. Title Insurance Policies are available in two types: 1. Lender's Policy: The homeowner is required by the lender to purchase this policy. The purpose is to secure the lender's interest and is generally issued in the amount of the mortgage loan, with coverage declining as the loan is slowly paid off. The Lender's Policy does NOT provide coverage to the homeowner. 2. Owner's Policy: This policy covers the home buyer's financial interest and, therefore, is issued in the amount of the sales price. An Owner's Policy is a wise investment to protect you and your family against avoidable financial loss. Also, the title insurance premium is paid only once, when the real estate is purchased, and the policy is in affect for as long as you own the property. |
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